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China says Australia knows what’s needed to mend ties

Bloomberg China indicated that it wants Australia to act to improve strained relations, saying Canberra should know what needs to be done to get ties back on track. “China has been pragmatic in growing its business relations with all partners. A healthy relationship needs the nurturing and care of both sides,” Assistant Minister of Commerce Li Chenggang said at a ...

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Brexit talks set to miss deadline

Bloomberg Trade talks between the UK and European Union are set to be extended beyond this weekend’s informal deadline and continue in Brussels next week, according to two people familiar with the matter. Negotiators have been working round the clock in London, with both sides pinpointing the end of this week as the last moment they could strike a deal ...

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Italy needs to spend $11.8b a month on lockdown aid

Bloomberg Italy may need to spend as much as 10 billion euros ($11.8 billion) a month to aid businesses and workers hit by coronavirus restrictions. Authorities are working on plans that would help the country navigate through a surge in infections that’s derailed the rebound from one of Europe’s worst recessions. Lockdown measures similar to the ones imposed earlier this ...

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